NEW
YORK, May 2, 2023 /PRNewswire/ -- Prime
Number Acquisition I Corp. (NASDAQ: PNACU) (the "Company"), a blank
check company incorporated as a Delaware corporation, today announced its
clarified position that the funds in the Company's trust account
and any additional contributions, including any interest thereon,
will not be used to pay for the excise tax imposed under the
Inflation Reduction Act of 2022, if any, for the redemption in
connection with a special meeting called for an extension
proposal.
A special stockholder meeting (the "special meeting") will be
held at 9:00 a.m., Eastern Time on
May 15, 2023 for the purpose of considering and voting on,
among other proposals, a proposal to amend the Company's current
charter to allow the Company until May 17,
2023 to complete a business combination and may elect to
extend up to six times, each by one-month by the deposit of
$0.06 per remaining public share into
the trust account, for a total up to six months.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About Prime Number Acquisition I Corp.
Prime Number Acquisition I Corp. is a blank check company, also
commonly referred to as a special purpose acquisition company, or
SPAC, formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses with one
or more businesses or entities, provided that it will not undertake
its initial business combination with any entity being based in or
having the majority of the company's operations in China (including Hong Kong and Macau). None of its founders or the Company is
affiliated with Prime Number Capital LLC, an underwriter for the
Company's initial public offering (the "IPO").
Forward-Looking Statements
This press release includes forward looking statements that
involve risks and uncertainties. Forward looking statements are
subject to numerous conditions, risks and changes in circumstances,
many of which are beyond the control of the Company, including
those set forth in the "Risk Factors" section of the Company's
registration statement, as amended from time to time, and
prospectus for the offering filed with the SEC. Such
forward-looking statements include the successful consummation of
the Company's initial public offering or exercise of the
underwriters' over-allotment option. The Company expressly
disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with
respect thereto or any change in events, conditions or
circumstances on which any statement is based.
Contact Information:
Prime Number Capital, LLC
Ms. Xiaoyan Jiang, Chairwoman
Email: xj@pncps.com
Phone: 516-582-9666
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SOURCE Prime Number Acquisition I Corp.